IADB capital increase approved in vote

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10 February 2012

Member countries of the Inter-American Development Bank (IADB) have approved a resolution authorising a $70 billion increase in the Bank´s ordinary capital.

Member countries of the Inter-American Development Bank (IADB) have approved a resolution authorising a $70 billion increase in the bank´s ordinary capital.

The vote by the IADB’s Board of Governors, which concluded January 31, was carried out electronically over several months to give countries time to secure legislative approvals for the increase. The Board of Governors is the bank’s highest governing authority and is composed of top economic officials from the IADB’s 48 member countries.

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